Jurgis

So no responses by OP... ::) What is the name on the reservation? How do we recognize each other? Should I wear a CoBF badge? Do we need extra reservation (for IceCreamMan and Pondside47??) 8)

From the headline I thought that BRK bought 9% of Catholic Church... ::)

I haven't read the book yet. I've listened to a bunch of Dalio's talks and discussed the principles he mentioned with some people. I have some previous experience with radical transparency from another context.

Spek, I mostly agree with you, although I look at this from another point of view. Radical transparency (and idea meritocracy) does not have to equal stress. It works well, but... only within groups that really trust each other and where everyone has internal buyin for it. It can work within a couple - in family or work duo/partnership. It may work within a tightly knit group of maybe up to 5 people. Once you go above that it's tough to have the internal buyin and trust. It becomes a management tool (weapon) that people wield but not necessarily like or support from inside. And then I agree it's a recipe for stress and people either ignoring the tool/method, pretending to adhere/use it or exploiting it for politics/infighting/etc. In other words, in ideal world this could be a great tool/method. With imperfect humans its applicability seems to be limited.

Ray Dalio says that he likes Netflix and Twitter as companies. He also said that his "Principles"/system are being tested in large Silly Valley company(ies?). At Netflix or Twitter then? Any other guesses what company(ies?) could be testing his system? Any info from companies that may be testing it? Would you be more likely to invest into a company that tried his system? More likely to short it? Indifferent?

Regarding Blue Dragon tomorrow (Friday) - is it still at 6pm? Someone said something about moving to 7pm? (Edit: I think I misunderstood, the person was talking about increasing the number of people on reservation to 7, not about moving to 7pm) What name is the reservation on? I should be there.

Every time Joe Kernan opens his mouth a kitten dies.

Based on this Boston is not a bad place to be in. 8) (Although I agree with their conclusion that Amazon won't choose Boston.)

Boston is not cheap, but way cheaper than SF/Silly Valley. Chicago is cheap, but the question is whether they can recover from their issues or if they do a Detroit. I am not RE investor/expert. 8)

I wonder if Musk realizes that he might end up competing with himself. If the number of launches goes up exponentially (sic), the demand at current price points is unlikely to go exponential, so the price points would have to drop (significantly? exponentially?). In the end, a large number of launches may not bring as much money as expected (to finance Mars). Edit: this https://www.theverge.com/2017/9/30/16384096/elon-musk-spacex-bfr-mars-rocket-development-business-demand raises similar and possibly more detailed questions.

There are legit and pretty well-known computer game companies who do Kickstarters too. It's not a bad way to do what Winjitsu says, though company has to know how to successfully Kickstart. As with anything, there are do's and don't's. Overall IDW Entertainment for me looks mostly like a black box. Sure they renewed "Dirk Gently" and "Wynonna Earp" and starting additional series, but I don't think it's clear what will the financial results be for these. How much IDWM is spending and how much they would get from various sources (some of it way future cash flows from the library if they keep ownership).

Hm, I would be careful about this. IIRC, Rick Guerin did something similar, and he ended up selling his Berkshire shares to Buffett @ $40 a piece to satisfy a margin call. Works until BRK falls 50% as it has done 2 or 3 times.

https://www.bloomberg.com/news/features/2017-09-29/the-equifax-hack-has-all-the-hallmarks-of-state-sponsored-pros

LOL. In other words, instead of sending and receiving emails, you'll be able to post something you write on the Internetz and intended recipient can search for it. 8)

https://www.bloomberg.com/news/articles/2017-09-26/cadillac-finally-has-an-answer-to-tesla-s-autopilot Headline is clickbaity, article more level headed.

I'd say Picasso, but we have to wait for him to take over a public company. You can already buy his paintings though. 8)

Which is why you would use Kelly's. 8) I hate that damn formula! :D Just because it is precise, does not mean it is accurate. It fools people in that way. In reality, we are all probably not-so-great at determining exact probabilities and expected outcomes. Take the common-sense lesson from the kelly formula: safer stocks with higher potential outcomes deserve more of your investment dollar than risky stocks with lower potential outcomes. But most people don't need a formula to tell them that... I agree with you, but your summary can be made looser: Safer stocks with same potential outcomes (EV) deserve more of your investment dollar than risky stocks with same potential outcomes. 8)

Yeah, I understand all that.

In other news Hugh Hefner died.

Which is why you would use Kelly's. 8)

Houston is mostly flooding which is mostly not covered (and what's covered mostly comes from Fed program). OTOH, business insurance apparently covers flooding, so that's that. Don't know what deductibles business insurances have. Percentage deductibles sounds crappy for homeowners. My deductible is probably something like $1K or $2K. But then I'm in MA and it's possible that insurance policies with such deductible in FL are just not affordable.

He may not be shutting down his Berkshire analysis... 8)

I may make it, but probably late®.

Can you not take that part of the discussion offline please. 8) LOL! You want hear more about Citizen D'Artagnan? ;D Did they release "Twenty Years After"? 8)

Can you not take that part of the discussion offline please. 8)